. Based on the wages of employees, the literature has attributed the labor wedge almost entirely to labor market distortions …. Because employee wages may be smoothed versions of the true cyclical price of labor, we instead examine the self-employed and … markups deserve a central place in business cycle research, alongside sticky wages and matching frictions …

Technological Change theory. While there exists heterogeneity across countries, only very few countries show a decline in employment … protection laws. In contrast to the findings for employment, we find little evidence for a relationship between wages and …

of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … responded to the VA wage change by changing their own wages …

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start … identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …

important force behind the shifting behavior of wages and prices during the period of study …

evidence for countercyclical real wages suggests that movements along labor demand curves have not played a dominant role in … cyclical employment fluctuations over the last 40 years. Instead, the procyclicality of real wages indicates that cyclical …